Valentin Morar, CEO of Wallberg Properties, said the market value of the project is estimated at EUR10.5 million.
“The new financial partnership guarantees the sustainability and future development of our project”, according to Valentin Morar.
The fourth building, symbolically called Four, will have 11 floors and will include 77 individual units. The number of apartments Wallberg is readying in Timisoara, within Phase I of the project, will thus exceed 500 units, together with over 598 parking spaces, over 3,000 square meters of retail spaces and a park of over 6,000 sqm.
Wallberg is a developer with a 20-year activity on Romania market, operating in the cities of Arad, Cluj, Brasov and Timisoara. Its portfolio also includes the Arad Plaza project located in downtown Arad and completed in 2018, the Sunnyville compound in Brasov, and the XCity Towers in Timisoara.